Page 205 - The Persian Gulf Historical Summaries (1907-1953) Vol III

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c. Until the Shaikh permits the Company in writing the Company
may not enter for the present nor undertake any work in the two areas
named Al-Fayah and Wadi Al-Hulu.
D. The Company shall use the Shaikh’s flag within the State of
Sharjah.
The Company, The Shaikh,
Erncst O. Parkgs, Sultan bin Sagar.
(Signed in Arabic.)
In the presence of
T. HlCKINBOTHAM,
Political Agent, Bahrain.

17 th September, 1937.

(a)
Letter, dated September 17, 1937, from Petroleum Concessions Limited to the
Ruler of Sharjah undertaking to make additional monthly payments to him
under the Concession Agreement.
In confirmation of the arrangement made between Your Excellency and myself
—acting for and on behalf of Petroleum Concessions, Limited—it Is agreed that the
Company shall pay to Your Excellency—for your personal account with the
Eastern Bank Limited, Bahrain—the sum of Rupees Eight hundred and thirty-three
Annas five and Pies four only (Rs. 833.5.4) per mensem. Such monthly payments
shall begin to accrue from the date of signature of the Sharjah Oil Concession
Agreement and shall continue until that date upon which the yearly payment of
Rs. 50,000 becomes operative as provided for in Article No. 5 (c) of the above-
mentioned Concession Agreement.
2. When the said yearly payment of Rs. 50,000 becomes operative then the
monthly payments of Rs. 833. 5. 4 shall cease and Your Excellency shall have no
further claim upon the Company in respect of this latter provided that the Company
has paid all the monthly payments that may have become due prior to the date
upon which the annual payment of Rs. 50,000 became effective.
3. But should it become obligatory upon the Company—during the period
that the annual rental of Rs. 30,000 is operative—to increase the yearly rental
payment to Rs. 90,000 to comply with the conditions laid down in Article No. 5 (d)t
then the monthly payments of Rs. 833. 5. 4 shall cease upon that date upon which
the yearly rental of Rs. 90,000 becomes operative, and this latter date shall replace
that specified in paragraphs 1 and 2 hereof in connection with the annual payment
of Rs. 50,000 becoming operative.

(b)
Amendment Number 1, dated February 26, 1946, to the Agreement, prolonging by
5 years (to the end of September 1952) the period allowed for drilling

1. This Agreement made the Twenty-sixth day of February One thousand
Nine Hundred and Forty-Six between His Excellency Shaikh Sultan bin Saqr al
Qassim, Ruler of Sharjah and its territories (hereinafter called “ The Ruler ”) of
the first part and Mr. Basil Henry Lermitte, attorney of Petroleum Development
(Trucial Coast) Limited (hereinafter called “ The Company ”) of the other part
is hereafter referred to as “Amendment dated Twenty-sixth February 1946 to
Sharjah ^j^$g^greement the Ruler and the Company agree to amend Paragraph B
nf Schedule No 1, Page 2 which formed an integral part of the Oil Concession
Agreement which was signed on the 17th September, 1937, corresponding to the